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  • Posted: Oct 14, 2016
    Deadline: Oct 31, 2016
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    At Altima Africa, creating sustainable competitiveness is at the heart of what we do. Altima Africa is a strategy implementation firm that seamlessly integrates its consulting, training and recruitment services to effectively support the implementation of organisational strategies. This is in line with our mission, to provide innovative solutions that create...
    Read more about this company

     

    Financial Accountant

    Staff reporting to this post: Assistant Accountant – Payables, Assistant Accountant – Treasury

    Staff significant for this post:  Stores Supervisor, Management Accountant, HR Officer, Credit Controller, Group Financial Accountant

    Education and Experience Required

    • Bachelors Degree in Commerce or related.
    • CPA (K)
    • Minimum 4 years General accounting experience, of which at least 2 must be in a senior financial management position.

    Key Responsibilities:

    • To ensure all finance activities and transactions are in line with existing financial policies, procedures, systems and regulations of the company.
    • To prepare accurate and timely monthly and quarterly financial reports.
    • To prepare and ensure all GL accounts and Sub-Ledgers are reconciled
    • To ensure that all the company assets well recorded and securedPreparing and file all statutory returns including tax returns
    • Prepare the company payroll in conjunction with the HR departments
    • To prudently manage working capital and ensure all financial obligations are met as set / agreed with suppliers and statutory bodies.
    • To oversee treasury activities, recommend short term investment opportunities and divestitures while ensuring proper documentation and approvals.
    • To recommend changes to the existing systems in line with changing business environment.
    • To supervise junior staff and keep them effectively informed of their obligations and make regular follow ups on key aspects of their work such as quality, budget, timelines, reports and updates as may be necessary
    • To perform any other duties as may be assigned by management.

    Key Skills and Competencies:

    • Job Knowledge and Skills [Level of competency required for effective job performance.  Consider the understanding of basic principles, techniques and the ability to apply that knowledge to solve a wide range of job related problems and stay abreast of new developments]
    • Initiative and Problem Solving [Ability to identify problems and generate alternative solutions.  Consider the amount of supervision required and the ability to work independently.  Is the employee a self-starter and creative in handling difficult and demanding clients.  Also the ability to represent the organization’s best interest]
    • Quality of Work [Ability to perform work duties correctly and consistently within established standards.  Consider the quality of output and delivery of service.  Does the employee project a professional attitude?]
    • Quantity of Work [Ability to perform work duties correctly and consistently within established standards.  Consider the quantity of output and delivery of services.  Is the employee willing to take on additional assignments without complaining?]
    • Care for organization’s resources [Demonstrated ability to take care and maintain organizational resources.  Does the employee effectively utilize available resources without undue wastage?]
    • Interpersonal Relationships & Communication [Ability to relate to other members of the work team including internal clients and convey and obtain correct information persuasively both verbally and in writing.  Consider the ability to deal with difficult and demanding clients.  Also the ability to represent the organization’s best interests.]
    • Leadership and Training Skills [Ability to provide an example for others to follow.  Consider the ability to train others and achieve results through teamwork.  Also consider the ability to inspire confidence and motivate others to perform their job effectively]
    • Teamwork [The ability to participate effectively as a member of a work team.  Consider how well the employee supports other team members and covers for them in order to achieve organizational objectives.]
    • Dependability & Reliability [The ability to do required jobs properly and accurately without supervision.  Consider how well the employee can be trusted and relied upon to take on extra responsibility and to work beyond regular working hours in order to complete important and urgent work assignments]
    • Time Management [Consider the employee’s ability to manage time effectively and to attend meetings and other engagements on time.  Also consider the concern for arriving to work on the agreed time and to be available whenever required].

    Functional Competencies

    • Accounting Policies & Procedures [Consider the employee’s understanding of the organization’s accounting policies and procedures and annual accounting cycle]
    • Business & Functional Knowledge [The employee’s awareness and understanding of the organization’s business, customers and suppliers and how the Finance function adds value to the business]
    • Accounting & Numeracy [Consider the employee’s understanding and application of professional Accounting standards]
    • Statutory Requirements [Consider the employee’s understanding of Company Law and statutory requirements.  Consider the ability to prepare returns and ensure compliance]
    • Financial Forecasting & Control [Consider the employee’s ability to apply financial modelling, forecasting and planning techniques.  Also consider the ability to support the business in the budgeting and budget review processes]
    • Management Reporting [Ability to generate, assess and provide functional reporting systems and to provide strategic insight into content of reports]

    go to method of application »

    Management Accountant

    Qualifications for the Management Accountant Jobs:

    • Bachelor degree in Accounting, Business Administration or similar
      Certified Public Accountant (CPA)
    • Practical experience of working with an ERP
    • Hands on experience in manufacturing environment
    • Five years’ experience in FMCG or busy commercial environment
    • Experience in a Group environment will give a distinct advantage

    Responsibilities for the Management Accountant Jobs:

    • Prepare monthly management accounts
    • Carry out monthly variance analysis on management accounts
    • Prepare reconciliation of revenues to volumes and prepare KO reports to financial reports
    • Value chain management, recommendations on margins, discounts and retiring of non- profitable SKUs
    • Co-ordinate physical stock counts (daily, monthly, annual etc)
    • Carry out detailed analysis on factory KPIs, reconciling to the general ledger highlight anomalies and opportunities and propose counter measures.
    • Review and analyze inventory and margin reports, conduct research and perform analytical studies in regards to cost analyses and profitability
    • Prepare, analyze and report weekly, monthly, quarterly gross margin analysis by brand by customer type
    • Analyze actual manufacturing expenses and prepares periodic reports comparing standard costs to actual production costs.
    • Coordinate product cost process including calculating, reviewing and analyzing machine and labor hours, overhead costs and allocations, production rates, raw material costs and manufacturing process changes
    • Assist in the budgeting and forecasting process by coordinating and consolidate information from different sources.
    • Decision support – prepare business case, payback follow up and budget versus actual follow up
    • Ensure compliance with Company policies, procedures, guidelines and chart of authority
    • Support business process improvement initiatives through benchmarking
    • Support enhancement of the of ERP
    • Assist in preparation of management reports and ad hoc reports for HOD’s

    Competencies for the Management Accountant Jobs:

    • Job Knowledge and Skills [Level of competency required for effective job performance. Consider the understanding of basic principles, techniques and the ability to apply that knowledge to solve a wide range of job related problems and stay abreast of new developments]
    • Initiative and Problem Solving [Ability to identify problems and generate alternative solutions. Consider the amount of supervision required and the ability to work independently. Is the employee a self-starter and creative in handling difficult and demanding clients. Also the ability to represent the organization’s best interest]
    • Quality of Work [Ability to perform work duties correctly and consistently within established standards. Consider the quality of output and delivery of service. Does the employee project a professional attitude?]
    • Quantity of Work [Ability to perform work duties correctly and consistently within established standards. Consider the quantity of output and delivery of services. Is the employee willing to take on additional assignments without complaining?]
    • Care for organization’s resources [Demonstrated ability to take care and maintain organizational resources. Does the employee effectively utilize available resources without undue wastage?]
    • Interpersonal Relationships & Communication [Ability to relate to other members of the work team including internal clients and convey and obtain correct information persuasively both verbally and in writing. Consider the ability to deal with difficult and demanding clients. Also the ability to represent the organization’s best interests.]
    • Leadership and Training Skills [Ability to provide an example for others to follow.
    • Consider the ability to train others and achieve results through teamwork. Also consider the ability to inspire confidence and motivate others to perform their job effectively]
    • Teamwork [The ability to participate effectively as a member of a work team. Consider how well the employee supports other team members and covers for them in order to achieve organizational objectives.]
    • Dependability & Reliability [The ability to do required jobs properly and accurately without supervision. Consider how well the employee can be trusted and relied upon to take on extra responsibility and to work beyond regular working hours in order to complete important and urgent work assignments]
    • Time Management [Consider the employee’s ability to manage time effectively and to attend meetings and other engagements on time. Also consider the concern for arriving to work on the agreed time and to be available whenever required].

    Functional Competencies:

    • Accounting Policies & Procedures [Consider the employee’s understanding of the organization’s accounting policies and procedures and annual accounting cycle]
    • Business & Functional Knowledge [The employee’s awareness and understanding of the organization’s business, customers and suppliers and how the Finance function adds value to the business]
    • Accounting & Numeracy [Consider the employee’s understanding and application of professional Accounting standards]
    • Statutory Requirements [Consider the employee’s understanding of Company Law and statutory requirements. Consider the ability to prepare returns and ensure compliance]
    • Financial Forecasting & Control [Consider the employee’s ability to apply financial modelling, forecasting and planning techniques. Also consider the ability to support the business in the budgeting and budget review processes]
    • Management Reporting [Ability to generate, assess and provide functional reporting systems and to provide strategic insight into content of report

    Method of Application

    If you are qualified and up to the challenge  send your application to careers@altimaafrica.com with the subject Financial Accountant – October 2016

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